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A Core Bond Portfolio for the More Adventurous Investor

Bronze-rated AB Intermediate-Term Bond's appetite for riskier fare has driven volatility, but it could be a good choice for patient investors.


Emory Zink: AB Intermediate-Term Bond is a core bond portfolio for the more adventurous investor. Portfolio managers Shawn Keegan and Greg Wilensky took the reins of this fund in late 2005. They are joined by Douglas Peebles, who simultaneously serves as the firm's fixed-income chief investment officer, and in early 2016, by Michael Canter, head of the firm's securitized asset group.

Though the fund benchmarks against the Bloomberg Barclays U.S. Aggregate Index, this portfolio entertains a broader range of return sources versus the index and peers, including the ability to own up to 25% of assets in high-yield or non-U.S. debt, as well as mortgage derivatives, modest currency positions, and more exotic securitized fare. Given this flexibility, quantitative models critically enable management to evaluate the expansive investment universe, while the bottom-up fundamental research of a 50-plus corps of analysts whittles down the narrower opportunity set.

Emory Zink does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.